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The CMA designation is a certificate awarded by the Institute of Management Accountants to Certified Management Accountants who have demonstrated their expertise in financial planning, business strategy, and analytics as well as strategic financial management through education, relevant work experience, and passing the certification exam.

If you are a finance professional and your career goals include management accounting leadership, increased job opportunities (access to higher paying positions), and international prestige, the CMA certification is right for you.

The CMA is a professional certification for financial professionals who have leadership skills and want to diversify their accounting skills to work in strategic management, typically in an executive position where they make strategic business decisions.

Educational CMA Requirements

You can meet the CMA educational certification requirements either by having a bachelor's degree or by earning an approved professional certification.

Professional CMA Requirements

To earn the CMA professional certification, you must have two years of professional work experience (working in a financial management role is required).

Part One of the exam covers the following: External financial reporting decisions, Planning, budgeting and forecasting, Performance management, Cost management, Internal controls, Technology and analytics.

Part Two of the CMA exam covers the following: Financial statement analysis, Corporate finance, Decision analysis, Risk management, Investment decision, and Professional ethics.

This two-part exam is considered challenging, but with diligent exam prep, a personalized study plan, and a solid understanding of the material, you can increase your chances of success and advance your career in accounting.